GEG Power – Management Team

Sigthor Jonsson, Chief Executive Officer

Over 18 years of relevant and unique experience in the financial markets, including 10 years as CEO in financial companies in Iceland and head of equity and alternative investments teams. Extensive experience of creating and managing equity and private equity funds and sitting on a board of directors for companies associated with those funds.
Sigthor has MSc in Finance from University of Iceland, (final thesis about financing the energy link from Iceland to the UK) and MBA from EADA Barcelona with Energy and structured Finance as major.

Sigthor has created, fundraised and managed funds over 20 funds the last 15 years, including asset classes like Icelandic equity, Scandinavian equity, fixed income, mezzanine, private equity funds, tourism, real estate development, real estate, energy, venture capital, international private equity fund of funds…..managed various transactions in debt and equity for over 500 million USD. Today, actively involved in various geothermal projects globally.


Jordan Oxley, Shareholder, Director and Financing Manager

Jordan is founder and Managing Director of ECC, a Developer focused on geothermal, electric vehicles, LED streetlights and power ship interim and backup power generation but ECC is one of the main shareholders in GEG. In 2007, Jordan founded Via Bank Ltd. an international private bank, acting as Chairman of the Board of Directors. An economist, Jordan began his career in Central Banking, working closely with the Governor of Bank of Canada.

Jordan continued his career in senior executive positions with financial and energy companies where he has managed companies and divisions ranging from eight to 120 people in four countries. Prior positions held include CEO Sunbay Energy Corporation; SVP Finance & Strategy, Sun Energy Corp.; VP, Strategic Accounts and Director of Public Relations, Conros Corp. A dual Canadian and British citizen, Jordan holds degrees in Economics, Philosophy and International Relations, studying at Queen’s University, The University of Edinburgh and The London School of Economics.


Tomas Otto Hansson, Chairman and Shareholder

Tomas is the founder and Chairman of Atom Innovations in Oxford England. Atom Innovations invests in and supports innovative companies and entrepreneurs. Tomas has over 20 years of experience in finance, banking, project management in various industries, as board member, in management or as project leader of large or small international investment projects.

He became a leading advisor to Novator, a London based private equity firm, first on the acquisition of Landsbanki, then the Bulgarian National Telecom. Tomas has been involved in, and as director of, multiple projects and companies globally, including in telecommunications, banking, shipping, and pharmaceuticals.  For 8 years Tomas was the chairman of Nova, the leading mobile operator in Iceland.  Tomas has an M.Phil degree in Economics from New York University.


GEG Power – Technical & Research Management Team


Snorri Einarsson, Chief Technology Officer

Snorri has over 11 years’ experience in engineering work related to geothermal power plants. He started his engineering career in 2007 at Iceland’s largest engineering firm, Mannvit and has been dedicated to geothermal energy ever since.

He studied mechanical and energy engineering in Reykjavik University and has background in marine engineering. Snorri joined GEG in 2012 and has been a vital part of the development of GEG’s geothermal power plant solution.



Gudmundur Thor Thormodsson, Founder, Director and Consultant

Thor Thormodsson, was one of the founders of Green Energy Geothermal (GEG) in 2008 and the inventor of GEG Geothermal wellhead technology. He also invented innovative Icelandic fish tubs that have had over $500m in sales globally.

Gudmundur has been very active in various geothermal projects all over the world for the last 15 years and has a unique network and reputation in implementing modular thinking in geothermal.


Dr. Vijay Chauhan, Chief Research Officer

Vijay Chauhan has a Doctoral degree in mechanical engineering from Reykjavik University. His PhD research work was focused on developing techniques for superheated steam scrubbing and utilization for power generation, in relation to the Iceland Deep Drilling Project (IDDP) project.

His research interest include thermo-economic optimization of geothermal power plants and mitigation technology development for the treatment of geothermal fluid with acid gas and solid impurities. He also holds an experience in design and installation for direct usage of geothermal resource and ground source heat pump for space heating.

He is also actively involved in teaching and academic research at Reykjavik university with an objective to narrow down the gap between the industry and the academics. He has made contribution in terms of publications in international journals and conferences related to the field of geothermal energy research.